HLVLTD

HLV financials

Market cap
₹421 Cr
Sector
Consumer Services

What HLV does

HLV Limited (formerly Hotel Leelaventure Limited) owns and operates The Leela Mumbai, a five-star deluxe hotel near the city's airports and the Bandra Kurla Complex, earning from room stays, in-house restaurants/bars, banqueting and spa services. The company previously built and ran a pan-India chain of Leela Palaces and Resorts (Goa, Bengaluru, Udaipur, New Delhi, Chennai, Gurgaon, Kovalam), most of which were divested to Brookfield (BSREP III India Ballet Pte. Ltd.) in a hotel-undertakings sale, leaving The Leela Mumbai as its principal operating asset. It also runs three captive windmills in Maharashtra to supply renewable power to the hotel.

Segments

  • Hotel operations
Hotel properties owned & operated
1 (The Leela Mumbai)
Guest rooms/suites
391
Permanent employees
409
Captive renewable power (windmills)
3 windmills, 4.5 MW capacity, Maharashtra
Hotel land parcel
~4.45 acres leased from AAI + ~1.85 acres leased from promoter group company
In-house dining & bar outlets
5 (Citrus, Jamavar, The Great Wall, Le Cirque Signature, 6 Degrees)
Founded 1981Headquarters Mumbai, Maharashtra, IndiaEmployees 409 (FY25) Company website

Quarterly results

Q1 FY27: revenue up 14.6%, net profit up 77.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue43 58 59 41 36 −17%61 +5%63 +7%47 +15%
EBITDA3 12 13 -2 -6 −314%12 −2%11 −17%1 +168%
Net profit3 10 11 -3 -10 −384%7 −33%9 −20%-1 +78%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −45.7% 1Y

₹6.0₹8.0₹10.0₹12.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹11.75 on 10 Sept 2025 → ₹6.38. High ₹12.3 (15 Sept 2025), low ₹5.72 (30 Mar 2026).

Financials, as filed

Revenue grew 5.1% a year over 3 years, FY23 to FY26. Operating margin narrowed to 7.1%.

Year endingFY23FY24FY25FY26
Revenue₹173 Cr₹199 Cr₹203 Cr₹201 Cr
Operating profit₹16 Cr₹31 Cr₹28 Cr₹14 Cr
Operating margin9.2%15.4%13.8%7.1%
Interest₹5 Cr₹2 Cr₹2 Cr₹3 Cr
Depreciation₹11 Cr₹14 Cr₹16 Cr₹19 Cr
Net profit₹8 Cr₹24 Cr₹26 Cr₹2 Cr
Net margin4.4%12.0%12.8%1.0%
Cash from operations₹35 Cr₹24 Cr₹34 Cr₹36 Cr
Free cash flow₹44 Cr₹51 Cr₹23 Cr₹5 Cr
ROCE3.0%6.0%6.0%2.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹126 Cr₹132 Cr₹132 Cr₹132 Cr₹132 Cr₹132 Cr
Reserves₹296 Cr₹280 Cr₹287 Cr₹312 Cr₹322 Cr₹339 Cr
Borrowings₹56 Cr₹48 Cr₹33 Cr₹33 Cr₹38 Cr₹35 Cr
Other liabilities₹119 Cr₹100 Cr₹114 Cr₹104 Cr₹130 Cr₹136 Cr
Total liabilities₹596 Cr₹560 Cr₹566 Cr₹580 Cr₹621 Cr₹642 Cr
Fixed assets₹316 Cr₹298 Cr₹312 Cr₹309 Cr₹324 Cr₹342 Cr
Capital work in progress₹0 Cr₹0 Cr₹5 Cr₹1 Cr₹13 Cr₹6 Cr
Investments₹0 Cr₹40 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹280 Cr₹222 Cr₹249 Cr₹269 Cr₹284 Cr₹295 Cr
Total assets₹596 Cr₹560 Cr₹566 Cr₹580 Cr₹621 Cr₹642 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +0.10 pp. The shareholder count shrank 7% to 1,42,070.

Promoters
39.1%
FIIs
0.0%
DIIs
1.5%
Public
59.4%

Since Jun 2025

  • Public +0.10 pp
  • FIIs −0.05 pp
  • DIIs −0.03 pp

How it drifted, 12 quarters

Over this window the public went from 48.9% to 59.4% — +10.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 49.6%, DIIs 1.6%, Public 48.9%.Dec '23: Promoters 49.6%, DIIs 1.6%, Public 48.9%.Mar '24: Promoters 47.0%, FIIs 0.2%, DIIs 1.6%, Public 51.2%.Jun '24: Promoters 45.4%, FIIs 0.1%, DIIs 1.6%, Public 53.0%.Sep '24: Promoters 42.0%, FIIs 0.2%, DIIs 1.6%, Public 56.3%.Dec '24: Promoters 39.9%, FIIs 0.1%, DIIs 1.6%, Public 58.4%.Mar '25: Promoters 39.1%, FIIs 0.1%, DIIs 1.6%, Public 59.2%.Jun '25: Promoters 39.1%, FIIs 0.1%, DIIs 1.6%, Public 59.3%.Sep '25: Promoters 39.1%, FIIs 0.1%, DIIs 1.6%, Public 59.3%.Dec '25: Promoters 39.1%, FIIs 0.1%, DIIs 1.6%, Public 59.3%.Mar '26: Promoters 39.1%, FIIs 0.2%, DIIs 1.6%, Public 59.2%.Jun '26: Promoters 39.1%, FIIs 0.0%, DIIs 1.5%, Public 59.4%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of HLV above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Universal Hotels & Resorts Private Limited 36.47%unchanged
JM Financial Asset Reconstruction Company Limited 24.87%newly disclosed
Itc Limited 8.10%+3.24 pp
Rockfort Estate Developers Pvt Ltd 2.28%unchanged
Life Insurance Corporation Of India Insurer1.35%unchanged
Krishnan Nair Leela Family Trust (Trustees Mr. Vivek Nair & Mr.Dinesh Nair) 0.12%unchanged
Vivek Krishnan Nair 0.08%unchanged
Dinesh Nair 0.07%unchanged
Amruda Nair 0.05%unchanged
Madhu D Nair 0.00%unchanged
Lakshmi Nair 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse HLV

Guides on how to read this kind of business and the numbers that matter.